UK Entrepreneurs Are Robust Against Global Decline; 2006 Global Entrepreneurship Monitor Shows UK Entrepreneurs Battling Trend of Decline to Remain Steady; Training and Support Key in Overcoming Fear of Failure.

AScribe Business & Economics News Service, March, 2007

Byline: Babson College

WELLESLEY, Mass., March 6 (AScribe Newswire) -- The largest annual survey of entrepreneurial activity in the United Kingdom shows the UK is bucking the worldwide trend of decline in entrepreneurship. Whilst entrepreneurial activity across all G8 countries declined, in the UK the decline in Total Early Stage Entrepreneurial Activity (TEA) was statistically insignificant 0.4 percent (from 6.2 percent to 5.8 percent). This is compared to bigger drops in the US (12.4 percent to 10.0 percent), France (5.4 percent to 4.4 percent), Germany (5.4 percent to 4.2 percent) and Canada (9.3 percent to 7.1 percent).

London Business School's 2006 Global Entrepreneurship Monitor United Kingdom (GEM UK), surveyed 42 500 adults across the nation in...

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